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Supply Chains in Crisis: Page 62

Houthi-Stricken Cargo Carrier’s Crew Abandons Ship Due to Fire

The Iranian-backed militants struck the Verbena, a Ukrainian-owned, Polish-operated ship, in two missile attacks on June 13.

Image: iStock/bogdanserban

Attacks Drove 90% Decline in Container Shipping Through Red Sea, U.S. Spies Say

The attacks have impacted at least 65 countries and forced at least 29 major energy and shipping companies to alter their routes.

Photo: iStock / IgorSPb

Carriers Divert Sailings Amid Growing Threat of Canada Rail Strike

Canada's rail union says it will conduct a new strike vote between June 14-29, promising a "quick process."

Photo: FarzadFrames, iStock

Port of Baltimore Ramps Back Up as Channel is Restored to Full Capacity

Dwell times at the port have stabilized across the board, having returned to their pre-closure levels with full capacity now restored to the port.

Photo: iStock / halbergman

Could Container Leasing Rate Price Bubble Be Poised to Burst?

Red Sea diversions have had many carriers pulling shipping schedules forward in anticipation of future disruptions in the region, but that is unlikely to last.

Photo: iStock.com/brunette

Port of Baltimore Shipping Channel Reopens

Rebuilding the span will take more than four years and cost up to $1.9bn, state authorities in Maryland have said.

Baltimore, June 7. Photo: Bob Petty, Army Corps of Engineers

Global Trade Is on the Rebound. Are Suppliers Getting the Benefit?

A “rebound” in global trade is underway, and the U.S. and China are the big beneficiaries, according to a new report. For suppliers, however, the news isn’t all good.

Image: iStock.com/thitivong

U.S. Seeks to Increase Pressure on Houthis in Threat to Yemen-War Truce

Leaders in Washington, D.C. have been striving to broker a cease-fire deal in Gaza for several months, with limited success.

Suez Canal, Egypt. Photo: Bloomberg

Out-Of-Control Ship in Charleston Harbor Causes Bridge Closure

Police cleared traffic, cyclists and pedestrians from the eight-lane bridge before the ship arrived, keeping it closed for 10 minutes as the ship steamed underneath, authorities said.

The Ravenel Bridge in Charleston. Photo: iStock.com/AdShooter

'Clock Ticking' on Potential Canada Border Agent Strike

The Canada Border Services Agency — made up of over 9,000 border workers — previously set a June 6 deadline to reach a collective bargaining agreement.

Photo: MayaCom, iStock

Maersk Raises Profit Forecast as Red Sea Disruption Boosts Rates

This is the second time in about a month Maersk raised its forecast as the world’s supply lines are suffering from a number of disruptions.

Photo: iStock.com/U. J. Alexander

Rainy Relief for Panama Canal As Vessel Draft Deepens Ahead of Schedule

As of May 26 — and for the first time in all of 2024 — water levels for Gatun and Alhajuela Lakes are above the mark recorded on the same date in 2023.

Panama Canal, Panama. Photo: iStock / Marina113

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